This is Texas which has no income tax, so they have high property tax. It’s about 1% per annum based on the appraised value of the property. Plus if it’s a newer neighborhood, you pay an extra amount for the cost of infrastructure until it’s paid off, usually called a MUD (municipal utility district) tax. Mine is an extra 1.2% so I’m paying roughly $1200/month in property taxes for my residence.
Americans ultimately do pay a lot of taxes in the end. It does towards all sorts of stuff at multiple levels but the greatest impact on individual lives is at the state level.
1% is a pretty normal amount for an urban area, but it’s usually a combination of county and city. If the state of Texas has a 1% tax on top of county and city taxes, that’d be pretty high.
This is Texas which has no income tax, so they have high property tax. It’s about 1% per annum based on the appraised value of the property. Plus if it’s a newer neighborhood, you pay an extra amount for the cost of infrastructure until it’s paid off, usually called a MUD (municipal utility district) tax. Mine is an extra 1.2% so I’m paying roughly $1200/month in property taxes for my residence.
Christ on a bike, do they at least lube the dildo they fuck you with?!? 😳
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Americans ultimately do pay a lot of taxes in the end. It does towards all sorts of stuff at multiple levels but the greatest impact on individual lives is at the state level.
Brother my entire mortgage is 834/mo including escrow and I bought in a city in 2020
Remind me to never move to texas
I like to say that in Texas, you never actually own your home.
1% is a pretty normal amount for an urban area, but it’s usually a combination of county and city. If the state of Texas has a 1% tax on top of county and city taxes, that’d be pretty high.
No, that’s county, city, and school district